Riyadh Transit Network Project denies claims of unpaid bills for Riyadh metro project

SourceAl Arabiya
SectorReal Estate
CountrySaudi Arabia

The Riyadh Transit Network Project has “categorically denied” claims published by Bloomberg that it owed billions of dollars in unpaid bills to international firms working on the Riyadh Metro project, according to an official statement. “Without prejudice to the story that was published on 5 April by Bloomberg “Saudi Arabia’s Unpaid Tab With Metro Builders Runs Into Billions” we wish to state at the outset that we categorically deny any claims that contractors have not been paid,” RTNP said in a response released on Thursday. For the latest headlines, follow our Google News channel online or via the app. “We wish to give the present reply with the sole intention of clarifying any doubts leveled against the RTNP and also would want to reiterate that all claims filed go through a dispute resolution process in order for all disputes to be to be resolved professionally and amicably,” the statement added. On Tuesday, Bloomberg published its report citing five anonymous sources that US-based Bechtel...read more...